Workplaces are changing their environment to suit the comfort and convenience of employees. The trend of bring-your-own-devices (BYOD) and remote working has brought a turnaround to enhance the mood of employees. According to Market Research Future (MRFR), the global workplace transformation market is expected to expand at 17% CAGR from 2017 to 2023 to touch a value of USD 22 billion.

The global workplace transformation market is predicted tremendous growth due to human resource departments in various organizations investing in the workplace to ensure smooth workflow between employees. Benefits of workplace transformation which include high employee morale, low office malaise, and lowered operational expenses can drive market growth. This is exemplified by the renovation of the Amsterdam division of Microsoft which includes smart sensors in desks and meeting rooms. This assisted them in saving floor space normally allotted to office furniture.

Segmentation:

The global [FURL=https://www.marketresearchfuture.com/reports/workplace-transformation-market-5248/]workplace transformation market share/FURL] is segmented by service type, organization size, and end-user.

By service type, it is segmented into telecom services, unified communication, and enterprise mobility. Enterprise mobility is expected to be the biggest segment in the market due to the trend of BYOD among employees. On the other hand, unified communications can gain a large market share due to being a secure medium for collaboration by teams for projects. Benefits of unified communications applications can enhance efficiency and allow for greater mobility among businesses.

By organization size, it is segmented into small, medium size, and large enterprise. Small and medium size enterprises can exhibit the highest growth rate due to adoption of digitization by these organizations to grow rapidly. Enhanced work productivity, mobilization of desk jobs, faster speed-to-market, and prioritization of customer experience are factors which can push the segment growth.

Regional Analysis:

The Asia Pacific (APAC) region is touted to grow at a rapid clip due to digitization of office spaces and adoption of cloud for scaling their businesses. Emergence of smart offices and smart buildings which can enhance office productivity and reduce energy efficiency will be the primary driver of the regional market. Other factors which can induce market demand include foreign direct investment (FDI), adoption of smartphones in corporate spaces, and economic development.

Also Read: [FURL]https://www.marketwatch.com/story/global-workplace-transformation-market-to-value-usd-22-bn-by-2023---industry-is-growing-due-to-technological-advancements-in-the-it-industry-2020-04-09?siteid=bigcharts&dist=bigcharts /[/FURL]